Hiring surged in October, spurring predictions of Fed rate hike

November 6, 2015 3:45 PM

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U.S. employers went on a hiring spree in October, according to government data released Friday morning, adding 271,000 jobs after several months of disappointing growth.

The number blew past analysts’ expectations of about 185,000 positions, a welcome sign that the American economy so far has been able to withstand headwinds from abroad. The unemployment rate dipped to 5 percent, and wages rose at the fastest pace since 2009. The improvement led many analysts to pre...